joining me for the european close. mark: stocks bouncing back from the biggest weekly losses in three months, which many investors perceived as overdone. the european close starts right now. ♪ betty: we will take you from new york to london to stockholm in the next half hour. mostly a rally here in the european markets. mark: european stocks bounced back today. investors are shrugging off last week. was it really a dream with the ecb did or did not do? onpped back a little bit friday, draghi said he is not dealing with expectations. he will do more if necessary. at least a handful of

strategists led by ubs and jpmorgan remained bullish and say the european recovery will therethrough. -- bear fruit. of course, the man who made his by 3%, itursday, four rose, and even he is more bullish on the euro,'s in it at and 105, 110, three, six, 12 months respectively. he says the systems wholeheartedly -- he doubts they are wholeheartedly pursuing policies. if mr. brooks is queuing over, maybe everyone is. betty: talk about queuing over, shares are doing that after ge said they will not sell anymore. mark: they were down by 15% a year earlier and are cooling down 4%. at the altar.

you're not getting a supplies business. $3.3 billion deal, it ain't going to happen. why? because we are worried about regulators. what does you lecture locks now need to do to gain scale in the market? analystbig call and one said today the worst possible outcome became a reality. this is a significant loss for electrolux. electrolux should now look for joint ventures in china. down by 13.4% today, it tells you everything investors are saying about the end of the deal. daddy: incredible. incredible p no energy shares have been dragging down here. oil prices, crude, the lowest level since february of 2009.

this is the worst selloff. the non-decision by opec on friday, effectively said they are not putting out a production target. is leaving investors figuring out where is the right balance for oil. in on ourcheck bloomberg news this hour. courtney donohoe has more from the news desk. seeking to reassure americans and quiet critics, president obama discussed terrorism last night in just his third speech from the oval office. mr. obama defended his strategy for stopping domestic attacks and defeating the islamic state. he called the san bernardino shootings a new face of terrorism. he offered no new policies but repeated his call for tougher gun laws. peace talks to start next week. a yuan negotiator says a cease-fire should -- could start in days.

6000 people have been killed since the civil war broke out nine months ago. in beijing, the sky is the limit and that is not good. a red alert was issued because of heavy smog. it puts limits on factories and traffic area schools are urged to close. three consecutive days of severe smog are predicted. announcement by jimmy carter the former president told a georgia congregation yesterday that he is cancer free. he revealed four months ago that melanoma has been to his brain. since then, he received radiation and chemotherapy treatments but it did little to slow the 91-year-old's activities. that is our first word news right now. you can get more on these and other breaking stories 24 hours a day. betty: thank you. mario draghi is having to repair some of the market damage done by last week's stimulus move.

consider the we package proposed by the city's as exactly the right ones. clearly, as the markets have demonstrated, it was not a package meant to address market expectations. it was a package meant to ouress the reaching of objectives of inflation. betty: we now may understand that more. he is defending his decision. the november u.s. jobs report we saw on friday clears the runway for a fed liftoff. divergence is around the corner. mark: you said it. it is certainly a big theme for our next guest. diversions, domestic deals, and betty's favorite, founder and chief executive, thank you for joining us today. , to theistic terms

market overreact? one mariostion is the draghi himself try to tackle. expectations. longer are markets wanting him to meet expectations. they want him to exceed expectations. do enough to stabilize and move forward in terms of the stimulus but left the door open to further stimulus. that is exciting heading to europe. mark: divergence. some are saying the ecb cut was a hawkish cut, and the fed hike to be next wednesday will be a dovish hike. does that mean we are not diverging as much as we might perceive to be? whole point is there will be a diversions at all, in absolute terms. while we are talking about further stimulus potentially coming from the ecb and leaving the door open, the fed is looking to raise rates. futures putting that at

80% likelihood. as soon as you start seeing that, that is when he gets and as an investor, you have to get cautious in terms of foreign exchange risk where the company or investigate -- investing in -- if you are an investor and you send product overseas, and you have a strong dollar, it will hit sales. this more thanes me, which is danger. this is a man who lives on the edge. the danger here in the diversions, where is it? of the big areas is emerging markets. if we're looking at this diversions and it will be u.s. raisingthe rates, emerging markets, if you look at the corporate sector, it is still sitting on $3.3 trillion worth of dollar-denominated debt. talk about taper tantrums, it will be felt emerging markets. that is a key risk. that diversions

is not as wide as we originally thought and the euro and that will not weaken as much as we originally ought? won't that make emerging markets a little more attractive in a little less dangerous? potentially,rous, and maybe more of this, but ultimately, there is only one way they will be going. that is cause for concern. if you look at risk versus reward, there are more attractive reward of a resurgents, consumer seeing this trickle-down effect. financials are benefiting from the cheap loans. a lot of opportunities where the risk really is off the table. short euro, is that an obvious call from here, given that mario draghi did not deliver? are you brave if you are still putting money on that or not?

>> the interesting thing is the volatility index down 6% from the precrisis. sorry, from the summer swoon or whatever it is lightly to be called. because of that, we are likely to see volatility rise. to disappoint either way. what we are looking to do is looking for the strong and intoy that are selling pent-up demand, autos, and they are able to actually benefit. ratemers have increasing -- wages, seeing better feeding back into spending, and trying to actually hedge out currency risks. fallen below $38 on wti now. we are nearing six-year lows on crude oil. do you avoid these companies? when does it look attractive to you? >> the problem is you have got

an issue of volume versus price. countries are coming out saying they want to protect market share. time, only markets are still raising rates. it means oil is in on yielding asset. in an environment where interest rates are looking to rise, it less attractive to hold. you see a bottom coming up and oil in 2016? >> that is the $1 billion question. it is hard to see it fall further. andou look at technicals fundamentals, even if china is slowing down, it is still growing and you will see consumption there. it is just the timing that will be tricky. and deal, you are thinking

we will see a revival on the day . i done deep into the facts to the rupee and target accounted for the smallest share of global acquisitions in 17 years in 2016. will that figure change next year? the volume was at its lowest, the number of deals is robust. you are saying, a global survey, 60% of them actually work my positive and thought they would to some form of activity over the next 12 months. the european market tends to lag , i think by the same report, it tends to lag i about two years. because we have seen such a u.s.,y m&a market in the it will see a surging -- >> the big amount in the u.s.'s technology, constrained in industries like telecom,

regulatory concerns as well. will that hold us back? >> it will hold us back, but a lot of companies have cash on the balance sheet. it means corporate investment since the by 20% crisis. a lot of cash is sitting there. a lot of deals to be done. we just need to see the impetus. mark: what is your keeping me awake at night 83 for 2016? >> one concern is about correlation in the market. growth?ll we get the bond markets tend to be quite correlated to the equity markets at the moment. how you are able to diversify portfolios will be a key risk. we think they potentially might lag as we see rates rise.

i guess commodities, where we are going to see the bottom. go, give medoes it the upper hand in my chart today. which i need. joe weisenthal needs a win today, doesn't he, betty? sachs has said 20. venezuela, is it realistic or is that just too low? if you imagine talking about the numbers a couple of years ago, they sound crazy. there is a level of support there. so good luck. much.thank you very still ahead on the european close, electrolux stocks tumbling after ge is scrapping plans. we will have the latest on the future from stockholm next.

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mark: welcome back from -- to bloomberg markets live from london and new york. anden down by oil companies mining companies. no surprises. they have been on the decline for quite some time. time for a look at some of the biggest business stories in the news right now are less optimistic about u.s. growth than months ago. of 2.6% predict growth next year but still think the unemployment rate will drop to a 5% level.

speeding up the flow of assets out of the country, investors pulled out more than $7.5 includingis year, $1.5 billion just last month. deep in turkey's economic troubles. war in neighboring syria. sources say the new park the ceo is thinking of cutting 1/5 of the bankers in the company's unit. those cuts would be in addition to a current plan by 7000 through 2016. that is the latest. we are focusing back again on the one stock you are following. mark: get your hoover out because shares of electrolux tumbled as much as 16% today, falling the most in four years after ge left the company, general electric abandoning plans to sell its supply

business on regulatory concerns from bloomberg news is in stockton right now. -- in stockholm right now. how much of a blows this? >> it is a huge step back. this was supposed to be their biggest acquisition ever and was supposed to take market share in .he u.s. so this is a huge blow. spent 50ething they million euros on this year. now face 175 million ge.kup fee to it is costly and a failure to the ceo, the architect behind the proposed deal.

in hindsight, it seems he took a big risk in trying to make this takeover. we will see how long he stays as the ceo of the company. betty: he took a big swing and unfortunately, it does not look like get panned out. where do they go from here? >> they has had an ambition of increasing the share of revenue from emerging markets to 50%. appliances deal will put the target out of reach for them, but it is possible they will go back to the strategy now and focus more on emerging markets. mark: really quickly, is maclachlan the chief executive? he said the deal is critical to him. will he survive in the job or

not? remains to be seen, but there has been speculation even before this that he was on his way out. this certainly does not make it different. us.: thank you for joining , shares ires are down see are declining in the u.s. as well. four ge, the stock is off just a bit. overall declining here in the stock market, just days on energy shares. i want to bring in abigail doolittle, with more on specific stocks for the nasdaq. abigail: it is not everyday we report on a major stock, up 70% on a day when the major industries are down but so it is here the company entered a definitive agreement with the investor group, as has been reported all morning, acquire for $92 per share in cash.

moretock is still down than 30% year to date. turning to a sector flying higher today, american airlines and jetblue. a wall street veteran said today's move up is due to lower fuel comprising 60% of the cost. jetblue according to bloomberg analyst george ferguson has the added tailwind of serving a niche market. jetblue is up nearly 70% year to date. american airlines is down nearly 15% this year. betty: thank you, apple did -- abigail, live of the nasdaq. coming up, we are looking at oil prices hovering now just under $38 per barrel. mark has got the big chart to watch. mark: yes. oil hovers.

goldengot a chart, the chart of proof. stay with us. ♪

betty: it is time for the global battle. we are kidding joe against mark yet. joe weisenthal, the cohost of what did you miss, is back with us. both of you are looking at oil. : i do not know as you recall mark's chart from a few weeks ago. talk signs that the ripple was disconnecting from oil. historically, they traded close together. aftere it in the circle the paris attacks. a look like rush was coming more together. disconnect is over. the ruvell and oil are heading down. no disconnect. if you are betting on the ruvell, hoping there would be a geopolitical read, that is not

working out. betty: a brief distraction. ok. understandable given the market dynamics. you have got a unique take on oil, mark. mark: technical analysis. how low could oil go? it is state. it is a big technical analysis term for when the 200 day moving analysis moves above. that was september of last year. it is the inverse. the relative strength index is 33. it means oil is not over solved. last time it was was august 26. next three days it rose by 20%. 3824, thevel is august 24 closing low, lowest

.ince 2009 it is getting close. betty: we're pretty much there. i declare the winner is joe because my favorite color is red and that is the color of the chart. all right. on that note? markets wereopean not read today. the ftse did fall. european stocks rebounding from the biggest weekly loss in three months. i will see you tomorrow. i will be wearing red beard every article will be read. -- red. ♪

betty: >> is noon in new york. welcome to bloomberg markets. ♪

scarlet: i am scarlet fu. what we'reis watching at this hour or oil prices sliding to the lowest level in nearly seven years. scarlet: gains in regional elections in the first round of voting since the attacks on paris. have how the mighty fallen. still a billionaire but the former head of btg is now living in a rat infested prison. a look at his new reality. ♪ first, we want to get a check on today's market activities so we had to matt miller, who has got the latest. aboutannot stop talking